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Oil News

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Defy Us Again and Iran Will Burn: US Issues Stark Warning After 10 Straight Nights of Airstrikes

The US Central Command (CENTCOM) says that several important military targets of Iran were targeted in the recent air strikes. ...
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India Could Face Up to 500% Tariffs as Trump Backs Russia Sanctions Bill, Report Claims

The purpose of the "Sanctioning Russia Act" introduced in the US Congress is to create economic pressure on countries involved in Russia's oil and gas business....
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America Restarts Hormuz Blockade as New Airstrikes Hit Ahvaz and Qeshm Island

America says that this action has been taken in response to the attacks on merchant ships passing through the Strait of Hormuz....
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Oil Tanker Hit Near Strait of Hormuz After US-Iran War, Mystery Surrounds Fresh Attack

According to Britain's maritime security agency UKMTO, an unknown object collided with an oil tanker about 8 nautical miles east of Limah coast of Oman. ...
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Putin Confesses Impact of Ukrainian Strikes on Russia's Oil Supply, Opens Door to Negotiations

Vladimir Putin admitted that there is a fuel shortage in some parts of the country. However, Putin refused to consider it a major crisis. ...

India Set for Major Relief as Hormuz Route Reopens, 34 Ships May Soon Get Clearance

The Indian-flagged LNG ship 'Disha' has safely exited the Strait of Hormuz area after more than three months. The ship is now heading towards India an...
Jaishankar's Sharp Response To Europe

'Weapons Sold to Attack India': Jaishankar's Sharp Response To Europe On Russian Oil Purchase

Responding to criticism over India's Russian oil purchase, External Affairs Minister Jaishankar said that, "Europe sells weapons, which are used to at...
Closure of Strait of Hormuz

Is India Facing Another Oil Crisis? Iran's Closure Of Strait of Hormuz Sparks Fresh Fears

Hours before these attacks, US President Donald Trump stated that the Washington was prepared to launch more severe attacks on Iran. ...

US Extends Russian Oil Waiver by 30 Days as Iran Peace Talks Remain Stuck

America has extended this relief to those Russian oil consignments which were already present in the sea. ...

Russian Oil Waiver Ends: Is India Heading for Another Fuel Price Hike?

America has ended the exemption given on oil coming from Russia. Due to this, it will no longer be as easy for India to buy cheap Russian oil as befor...

Only One Day Left: India May Stop Receiving Russian Oil, Fuel Crisis Feared

According to reports, the deadline for the special exemption given by America is ending on the night of 16th May. If this does not proceed, it may be ...

Don’t Need Xi Jinping to End Iran Conflict, Says Donald Trump Ahead of China Visit

The tension between America and Iran has been increasing continuously for some time. On top of that, China is Iran's biggest oil buyer. ...

Donald Trump Administration Scraps Conservation Rule to Expand Drilling and Mining

President Donald Trump has taken a major decision and announced the abolition of the rule in which conservation on public lands was given equal import...

Pakistan Admits Energy Weakness: ‘We Are Not Like India,’ Says Minister Amid Oil Crisis

According to the report, Pakistan has crude oil reserves only for a few days. Generally it can last for 5 to 7 days, whereas refined fuel is available...
UAE To Quit Oil Production Groups OPEC, OPEC+; major move amid Hormuz blockade

UAE To Quit Oil Production Groups OPEC, OPEC+; major move amid Hormuz blockade

The UAE's energy minister said that the decision was taken after a careful review of the energy sector, petroleum sector and other strategies. ...

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